Dollar store (Cuba)
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In Cuba between 1993 and 2004, a dollar store was a government-owned shop that sold goods solely in exchange for hard currency, originally mainly to foreigners, in the same way as a Friendship store in the People's Republic of China or an Intershop in the German Democratic Republic.
In 1993, Cuba made the United States dollar legal tender.[1]
In November 2004, the US dollar ceased to be legal tender to use in cash commercial transactions and was replaced by the Cuban convertible peso.[2] However, the "dollar stores" remained open and despite their acceptance of only the convertible peso, the term "dollar stores" remained in colloquial use.
References
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